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PRO Real Estate Investment 8 Convertible Unsecured Subod Debentures T.PRV.DB

Alternate Symbol(s):  T.PRV.UN | PRVFF

PRO Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. The Company owns a portfolio of commercial real estate properties in Canada, with an industrial focus in robust secondary markets. The Company’s segments include three classifications of investment properties: Industrial, Retail and Office. All of the Company’s activities are located in a single segment, Canada. With a concentration in eastern and central Canada, its industrial-focused real estate portfolio consists of commercial properties located in secondary markets. It has approximately 123 properties, including MONCTON, NEW BRUNSWICK, Amherst, Nova Scotia; L'ancienne-Lorette, Quebec; Daveluyville, Quebec; Saint John, New Brunswick; Miramichi, New Brunswick; Woodstock, New Brunswick and others. The Company’s properties are located in Western Canada, Ontario, Quebec and Atlantic Canada.


TSX:PRV.DB - Post by User

Post by duplex5696on Oct 14, 2021 11:10am
265 Views
Post# 34005152

PRV-Steep Overhang

PRV-Steep OverhangFollowing the closing of its subscription ($6.85) on October 6th, there remained a steep overhang of sellers that needed to reduce their postion in PRV so as to comply with their allocated percentage of PRV relative to their other reit holdings.It will take some time before we see movement of PRV back to its pre-subscription price of $7.25. The good news is that at its current price this reit has a large upside potential. The full extent of its acquisition strategy is not reflected in its current share price. A look at some independent advisories who cover PRV suggest that "growth outlook" is the strongest factor in their assessment.
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